Tactile Systems Technology Inc. (TCMD): Is it worth Buying?

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Tactile Systems Technology Inc. (NASDAQ:TCMD) changes shares on Friday trading session, with a change of 3.06% or $1.21 shares. The trading starts at $40.99 and closed at $39.56 throughout the day. The trading session low price was $39.675 and day high was $42.08 on Friday, June 12. After the session, the Healthcare sector daily volume shifted to 0.41 million while its average volume is 229.23K. In other hand, the TCMD market cap reached to $760.77M. While, its current target price is $40.77 according to WSJ.

Checking out the performance report which defines the increase or decrease of prices for a specific period. For the last 5 trading sessions, its performance is down -22.40% and down -11.87% for month. Its quarterly performance was 2.23% above, while its half year performance is down -37.52%. TCMD yearly performance stood at negative -24.82% and fall -39.61% for year-to-date. Current recommendation for Tactile Systems Technology Inc. is 1.40.

Earnings per share or EPS is an important financial measure, which defines the profitability of a company. TCMD EPS (TTM) for 12-month is 0.42. EPS for this year is 63.20%, while for the next year its value is 0.56. Sales growth for the current quarter is 19.51 while its EPS Q/Q reached -190.70%. It has an EPS of 151.10% up for past five years and for the next five years will be up 5.00%.

Let’s take a look on the analyst recommendations on TCMD for the current month and previous month. For the current month, 6 of 7 analysts recommend stock as Buy while 0 as Sell, 0 as overweight, 0 as underweight and 1 as Hold. As compared with the previous month ratings, 0 analysts participate in stock recommendation. Out of 0, 0 rated it sell, 0 rated it as Buy and 0 as Hold Ratings. On the other hand, target price ranges from $61.00-$70.00. Average target price for TCMD was reached at $65.20.

Blackrock Inc., Fred Alger Management, LLC and Waddell & Reed Financial Inc. are the top three holders in Tactile Systems Technology Inc. (TCMD) stock. On Mar 30, 2020, Blackrock Inc. has 2.88 million shares which valued 115.84 million. On Mar 30, 2020, Fred Alger Management, LLC owned 1.87 million shares which valued at 75.05 million. On Mar 30, 2020, Waddell & Reed Financial Inc. has a total of 1.37 million shares which valued at 55.11 million. In the end, Waddell & Reed Financial Inc. have 7.14% shares outstanding of Tactile Systems Technology Inc. (TCMD) on Mar 30, 2020. The insider ownership moved to 2.90%.

The company posted an EPS (TTM) of 0.42. According to the most recent quarter report on (Jun 2020), 7 analysts estimated an average EPS of -0.22, while 0.14 EPS posted a year ago period. Analyst Estimated EPS for TCMD published in the report was -0.4–0.08 during the same period. Comparing with last year, the average estimated EPS was 0.14 which is higher than -0.07 which was posted for recent quarter EPS.

A brief look on simple moving average (SMA) that determines the market price can impact a market. The SMA for TCMD fall -21.96% for period of 200 days. SMA for 50 days was -15.45% which is showing red signal, while SMA-20 was -16.41%. The moving average value for Tactile Systems Technology Inc. (TCMD) is 53.60 and 49.13 for 200 and 50 days respectively.

Let’s take a look on the insider transactions, in which multiple shareholders are showing interest in TCMD stock. On Jun 10, Rishe Bryan, SVP, Sales, sold 2,330 trading shares at the cost of $44.77, which valued at 0.1 million. On May 26, Rishe Bryan, SVP, Sales, sold 2,330 shares at the cost of $50.10, with total shares of 43,567. On May 11, Rishe Bryan, SVP, Sales, sold 2,330 shares at the cost of 49.22. After this transaction, Rishe Bryan total shares reached to 45,448 which valued at 0.11 million.